Underbooked


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Underbooked

Describes limited interest by prospective buyers in a new issue of a security during the preoffering registration period.

Underbooked

Describing a situation in which investors show a lack of interest in a new issue of a security. Before a new issue, underwriters canvass potential investors, who may or may not book an order to buy a portion of the new issue. If investors do not show interest, the security is said to be underbooked. This may affect the price when the security is actually issued. See also: Fully circled.

underbooked

Of, relating to, or being a new security issue in which investment bankers find a general lack of interest among investors before the issue date.
References in periodicals archive ?
However, trips in the late spring and early fall--when routes are specially chosen for mild weather and outstanding scenery--are underbooked.
There is a severe shortage of summer holidays this year, caused by tour operators who underbooked holiday accommodation.
The convention center is now severely underbooked through 1998.